Bombardier Inc (OTCMKTS:BDRBF) Receives Average Rating of “Hold” from Analysts
Shares of Bombardier Inc (OTCMKTS:BDRBF) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $1.91.
BDRBF has been the subject of several recent analyst reports. RBC Capital Markets reissued an “outperform” rating and issued a $2.50 price target on shares of Bombardier in a report on Friday, September 16th. Scotiabank reissued an “outperform” rating and issued a $2.75 price target on shares of Bombardier in a report on Friday, September 23rd. Macquarie raised Bombardier from an “underperform” rating to an “outperform” rating in a report on Monday, September 19th. Citigroup Inc. reissued a “neutral” rating and issued a $2.07 price target (up from $2.00) on shares of Bombardier in a report on Thursday, August 25th. Finally, TD Securities reissued a “hold” rating and issued a $1.45 price target on shares of Bombardier in a report on Monday, September 26th.
A hedge fund recently bought a new stake in Bombardier stock. Wilen Investment Management CORP. bought a new position in shares of Bombardier Inc (OTCMKTS:BDRBF) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 347,900 shares of the company’s stock, valued at approximately $487,000.
Shares of Bombardier (OTCMKTS:BDRBF) opened at 1.38 on Wednesday. The stock’s market capitalization is $3.06 billion. Bombardier has a 52-week low of $0.51 and a 52-week high of $1.82. The stock has a 50 day moving average price of $1.46 and a 200-day moving average price of $1.42.
Bombardier Inc is a manufacturer of transportation equipment, such as business and commercial aircraft, aircraft structural components and rail transportation equipment and systems, and is a provider of related services. The Company operates through four segments: Business Aircraft, Commercial Aircraft, Aerostructures and Engineering Services, and Transportation.
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